Standard Chartered Predicts Bitcoin Soaring to $500K by 2028
Standard Chartered predicts Bitcoin could reach $500,000 by 2028, driven by increased institutional investment, expanding financial infrastructure like ETFs, and potential regulatory shifts under a Trump administration.
Head of Digital Assets Research Geoffrey Kendrick cites declining volatility and improved investor access as key factors, noting the successful launch of US spot Bitcoin ETFs and their substantial inflows. He draws parallels with gold’s price surge after ETPs debuted, anticipating a similar, faster rise for Bitcoin.
Kendrick also highlights the repeal of SAB 121 and the potential for a national digital asset stockpile as positive indicators for Bitcoin’s long-term growth.
Clever Robot News Desk 7th February 2025
